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When esteem is costless to supply, does it provide an effective means of enforcing norms for public goods production? I examine the basic mechanics of an enforcement-through-esteem model. While esteem may enforce norms to considerable degree, systematic underenforcement remains the general...
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In some regards the production of terrorism resembles the production of culture, especially television and theater. Terrorism is a spectacle produced for viewers, many of whom live apart from the violent staged events. Spectacular theater and the telling of memorable stories are inputs for...
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I consider whether entrepreneurship is a distinct category within economic theory. More generally, I consider the links between discussions of entrepreneurship and philosophic debates over the nature of the aesthetic. For instance, Kant's attempt to elevate the category of the aesthetic has much...
Persistent link: https://www.econbiz.de/10005810796
Public goods production is not necessarily desirable and involves higher costs than is often recognized. Specifically, public goods production may require that a small minority of individuals can collude at the expense of others or impose strategic sanctions on non-contributors. These facilities...
Persistent link: https://www.econbiz.de/10005810803
Public officials often have little incentive to spend time and effort proposing policies that benefit others. When, however, some public policies generate rents to these officials, rent seeking in politics can motivate them to provide public goods. We consider the motivational effects of rent...
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